For $1 Billion, Trump Promises To Expedite Permits Including Environmental
U.S. President-elect Donald Trump has once again ignited debates with a bold promise aimed at incentivizing large-scale investments in the United States. In a recent social media post, Trump declared that any individual or company investing $1 billion or more in the country would receive “fully expedited approvals and permits,” including environmental clearances. The statement, […]
Courts Stop $24.6B Kroger-Albertsons Deal, Citing Consumer and Worker Harm
Two significant court rulings have halted the proposed $24.6 billion merger between grocery giants Kroger Co. (NYSE: KR) and Albertsons (NYSE: ACI), marking a decisive victory for antitrust advocates, labor unions, and consumers. The United States’ Federal Trade Commission and a coalition of states argued that the merger would stifle competition, raise prices, and harm […]
Freeland Dodges $40.1 Billion Deficit Target, Shifts Focus to Debt Ratio
Finance Minister Chrystia Freeland signaled a shift in Canada’s fiscal priorities on Tuesday, emphasizing the debt-to-GDP ratio while sidestepping questions about meeting a key deficit target ahead of next week’s economic update. At a press conference in Ottawa, Freeland repeatedly highlighted the government’s commitment to maintaining its debt-to-GDP ratio at 42.1%, while avoiding direct responses […]
Bank of Canada Cuts Interest Rate By 50 Basis Points Again To 3.25%
The Bank of Canada delivered another significant rate cut on Wednesday, lowering its benchmark interest rate by 50 basis points to 3.25%. This marks the fifth consecutive rate reduction and matches the magnitude of October’s cut, signaling the central bank’s continued efforts to stimulate economic growth amid persistent economic headwinds. The decision comes as Canada’s […]
GameStop’s Q3 2024 Profit Masks a Deeper Crisis as Sales Plunge 20%
GameStop Corp. (NYSE: GME) has released its financial results for the third quarter of fiscal 2024, showing a net income of $17.4 million, marking a significant turnaround from a net loss of $3.1 million in the same period last year. However, net sales for the quarter were $860.3 million, representing a 20.2% decline from the […]
Endeavour Outlines $1.5 Billion After Tax NPV For Assafou Project In PFS
Endeavour Mining (TSX: EDV) has released a pre feasibility study for its Assafou-Dibibango Project in Cote D’Ivoire, which outlines the potential for the project to become a tier 1 asset for the company. The study outlines a net present value (5% discount) of $1,526 million on an after-tax basis for the open pit project along […]
Lahontan Gold Releases PEA Outlining US$200 Million Net Present Value For Sante Fe Project At Spot Prices
Lahontan Gold (TSXV: LG) has released a preliminary economic assessment for its Sante Fe gold-silver project in Nevada, the company’s flagship asset. The PEA outlines an after-tax net present value of US$200.0 million based on $2,705 gold and $32.60 silver using a 5% discount. The preliminary economic assessment is based on a life of mine […]
Plurilock Signs $1.1 Million Contract With Fortune 50 Conglomerate
FULL DISCLOSURE: This is sponsored content for Plurilock. Plurilock Security (TSX: PLUR) has secured yet another major order in the United States. The latest comes from a Fortune 50 U.S. conglomerate, who has signed a three year agreement for network management solutions. The latest agreement, at $1.1 million in size, comes from Plurilock’s Aurora Systems Consulting […]
Freeland’s and Trudeau’s Offices Clash Over GST Holiday Plan
Internal discord has emerged at the highest levels of Canada’s government, with Finance Minister Chrystia Freeland and Prime Minister Justin Trudeau’s office at odds over major spending decisions, according to government insiders and senior Liberal Party officials interviewed by The Globe and Mail. At the heart of the disagreement lies a $6.28 billion holiday on […]
O’Leary Plans $70 Billion AI Data Center in Alberta
Canadian investor Kevin O’Leary has announced plans to build what he calls the world’s largest artificial intelligence data center in northwest Alberta, with a projected investment of $70 billion over multiple phases. The Wonder Valley project, to be constructed in the Municipal District of Greenview’s heavy eco-industrial district south and east of Grande Prairie, will […]